Top Altcoins to Watch This Week: Spotlight on Solana (SOL), Fantom (FTM), and Chainlink (LINK)

  • After an intriguing market trend recorded thus far in May, Solana (SOL), Fantom (FTM) and Chainlink (LINK) are worth watching for the week.
  • Despite the broader market’s focus on Bitcoin, these altcoins have shown significant technological strength and market gains.
  • “With the latest upgrades and market movements, SOL, FTM, and LINK are setting the stage for potential bullish trends,” noted a market analyst.

Explore why Solana, Fantom, and Chainlink are the top altcoins to watch this week due to their recent performance and technological advancements.

Solana Stabilization Paving the Way For Growth

For the better part of this year, Solana battled with network congestion that impaired its projects and community. However, with the Solana Foundation and its ecosystem developers launching a fix on mainnet, the protocol has remained relatively stable. This has created an upside that has kept the coin in the top 5 of the most capitalized cryptocurrencies.

Fantom Upgrades Creates Bullish Potential

Fantom has continued to push boundaries with its technology as a Directed Acyclic Graph (DAG). Despite this technological strength, Fantom is considered undervalued. At the time of writing, Fantom is changing hands for $0.8564, down 4.19% in 24 hours. Its growth in the past week, however, is pegged at 20.55% to date.

Chainlink Utility to Start Bearing Fruits

Besides Solana and Fantom, Chainlink also occupies an important aspect of the ecosystem. As a decentralized oracle service provider, Chainlink is advancing interoperability in ways no protocol has managed to rival. Currently trading at $16.63, up by 22.97%, Chainlink comes off as one of the biggest gainers in the top 100.

Conclusion

This week, Solana, Fantom, and Chainlink are poised to be the top altcoins to watch. With their recent technological advancements and market performance, these coins offer promising opportunities for savvy investors looking for growth in the volatile crypto market.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Top Losers on Binance: TROY Sees a 25.01% Decline in 24 Hours

As of November 23rd, recent market data from Binance...

LM Funding Reports Increased BTC Mining Output in October 2024: A Step Towards Financial Growth

COINOTAG has reported that on November 23, LM Funding,...

Bitcoin’s Bullish Rebound Begins: VanEck’s Analysis Reveals Key Indicators for Future Growth

In a recent analysis by asset management powerhouse VanEck,...

Binance Achieves $8.73 Billion Net Inflow, Boosting Total Crypto Assets to $154.9 Billion

According to recent data from DeFiLlama, Binance experienced a...

ETH Investor Earns 1533 ETH Profit After Strategic WBTC Swap: Insights from On-Chain Data

On November 23rd, COINOTAG News reported a significant transaction...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img